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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Salas Peter E.
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(Last) (First) (Middle)
129 East 17th Street
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(Street)
New York NY 10003
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
5/20/99
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Unapix Entertainment Inc.
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [x] 10% Owner
[ ] Officer (give title below) [_] Other (specify below)
CEO
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[x] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership Form:
Beneficially Owned Direct (D) or
Indirect (I)
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Common Stock 157,500 D
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/98)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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4. Ownership
Form of
2. Title and Amount of Derivative
Securities Underlying 3. Conversion Security
Derivative Security Price of Direct (D)
1. Title of Derivative Derivative or Indirect
Security Title Shares Security (I)
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10% Debentures Common Shares 983,796 $4.32 I
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Series C Preferred Common Shares 200,000 $2.50 I
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Explanation of Responses:
This form 3 is being filed by Peter E. Salas as General Partner of
Dolphin Offshore Partners, L.P. which purchased the above securities with its
working capital in a series of market and private transactions as outlined in
earlier 13D and 13D/A filings.
/s/ Peter E. Salas 6/10/99
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*Signature of Reporting Person Date
* Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).